KHC Consumer Defensive

The Kraft Heinz Company

$24.52-1.64%

Price as of close on Nov 3, 2026 · Financials updated Oct 9, 2026

Basics

Sector: Consumer Defensive
Industry: Packaged Foods
Country: United States
Market cap: 29.1B USD
Enterprise value: 44.4B USD
Full-time employees: 35,000

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: less short-term liquidity (current ratio 1.06 vs a peer median of 1.52)less liquidity (current ratio 1.06 vs peers 1.52)
About average: risk (debt, liquidity and share-price swings)risk

Ranks #657 of 761 consumer defensive companies (bottom 14%)

See how it ranks against its peers

Worth knowing

Valuation signals disagree. Cheaper than 79% of peers on free cash flow, but only 0% on earnings.
Relative to its free cash flow, Kraft Heinz looks cheaper than 79% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Not profitable yet. Reported a loss in the 12 months to June 2026.
Kraft Heinz reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Steadier share price. Beta 0.11: tends to move less than the market.
Kraft Heinz's shares have swung less with the market than most peers' (beta 0.11, below the market's 1.0).

StockQuotient Score

28/ 100

Oct 5 22 → Nov 4 28 (+6)

Valuation

Is the price right?

18/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-11.7%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.51Sector median: 0.0453 · MAD: 0.0301

EBITDA yield-4.8%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.99Sector median: 0.0865 · MAD: 0.0435

Free cash flow yield13.1%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 1.57Sector median: 0.0622 · MAD: 0.0441

Other data (not scored)

Book yield123.8%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5381 · MAD: 0.2865

Growth

Is it growing?

30/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ 3-yr revenue
▼ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Still loss-making, but the loss per share narrowed33% base weight · Z-score 0.30Sector median: 0.0154 · MAD: 0.2529

3-year revenue growth-2.8%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -1.37Sector median: 0.0366 · MAD: 0.0470

Revenue growth-1.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.75Sector median: 0.0278 · MAD: 0.0585

Profitability

Does it earn well?

4/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Operating margin rose 6.1 points to -12.8%

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-12.8%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.12Sector median: 0.0759 · MAD: 0.0508

Return on assets-4.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -3.28Sector median: 0.0396 · MAD: 0.0262

Return on invested capital-4.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.85Sector median: 0.0766 · MAD: 0.0673

Other data (not scored)

Gross margin33.4%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3182 · MAD: 0.1263

Return on equity-9.4%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0831 · MAD: 0.0675

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 58 → 59

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Mixed versus peers:

▲ Beta
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.11

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score 1.60Sector median: 0.4070 · MAD: 0.1690

Current ratio1.06×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.72Sector median: 1.5250 · MAD: 0.6460

Debt / equity0.53×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.29Sector median: 0.4234 · MAD: 0.3581

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Kraft Heinz

Is Kraft Heinz getting weaker?: Its latest SEC filing (Aug 5, 2026) got stronger: operating margin rose 6.1 points to -12.8%. Its overall score is unchanged at 28/100 since Oct 28, 2026.
How is Kraft Heinz valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 18/100 against 823 consumer defensive peers. Free cash flow yield 13.1% vs a peer median of 6.2% (stronger than 79% of peers).Free cash flow yield 13.1% vs peers 6.2% (stronger than 79% of peers). Earnings yield -11.7% vs a peer median of 4.5% (weaker than 100% of peers).Earnings yield -11.7% vs peers 4.5% (weaker than 100% of peers).
Is Kraft Heinz growing?: More slowly than most of its peers. Growth scores 30/100 against 823 consumer defensive peers. 3-year revenue growth -2.8% vs a peer median of 3.7% (weaker than 82% of peers).3-year revenue growth -2.8% vs peers 3.7% (weaker than 82% of peers).
How profitable is Kraft Heinz?: Less profitable than most of its peers. Profitability scores 4/100 against 823 consumer defensive peers. Operating margin -12.8% vs a peer median of 7.6% (weaker than 100% of peers).Operating margin -12.8% vs peers 7.6% (weaker than 100% of peers).
How risky is Kraft Heinz?: Moderate risk relative to 823 consumer defensive peers, judged on debt, liquidity and share-price swings. Beta 0.11 vs a peer median of 0.41 (stronger than 95% of peers).Beta 0.11 vs peers 0.41 (stronger than 95% of peers). Current ratio 1.06× vs a peer median of 1.52× (weaker than 73% of peers).Current ratio 1.06× vs peers 1.52× (weaker than 73% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 27, 2026 · filed Aug 5, 2026 · compared with the quarter ended Mar 28, 2026

Got stronger

Operating margin rose 6.1 points to -12.8%

Worth watching: Kraft Heinz is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	25.0B USD	24.9B USD	−0.4%
Net income (12 months)	−5.8B USD	−3.4B USD	−41.0%
Operating margin	-18.9%	-12.8%	+6.1 pts
Free cash flow (12 months)	3.9B USD	3.8B USD	−3.3%
Debt	21.1B USD	19.0B USD	−10.1%
Cash	3.3B USD	2.4B USD	−26.9%
Shares outstanding	1.19B	1.19B	+0.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Packaged Foods · 21 companies

Valuations in Packaged Foods are near the bottom of their range since 2016.

3% of months since 2016 were valued lower than now.
0% of companies are in the most expensive fifth of their own price-to-sales history.
Median price-to-sales is −68% vs the whole market, against a usual −37%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	33.3%	30.7%	33.5%	34.7%	33.3%	▼ 1.4 pts
Operating margin	13.3%	13.7%	17.2%	6.5%	-18.7%	▼ 25 pts
Net margin	3.9%	8.9%	10.7%	10.6%	-23.4%	▼ 34 pts
Return on assets (ROA)	1.1%	2.6%	3.2%	3.1%	-7.1%	▼ 10 pts
Return on equity (ROE)	2.1%	4.9%	5.8%	5.6%	-14.0%	▼ 20 pts
Free cash flow margin	17.1%	5.9%	11.1%	12.2%	14.7%	▲ 2.5 pts
Current ratio	0.99×	0.87×	0.99×	1.06×	1.15×	▲ 9.3%
Quick ratio	0.69×	0.47×	0.54×	0.59×	0.79×	▲ 34%
Debt to equity	0.44×	0.41×	0.40×	0.40×	0.51×	▲ 26%
Interest coverage	1.69×	3.95×	5.01×	1.85×	-4.93×	▼ 367%

KHC price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: less short-term liquidity (current ratio 1.06 vs a peer median of 1.52)less liquidity (current ratio 1.06 vs peers 1.52)

About average: risk (debt, liquidity and share-price swings)risk

Ranks #657 of 761 consumer defensive companies (bottom 14%)

See how it ranks against its peers

Worth knowing

Valuation signals disagree. Cheaper than 79% of peers on free cash flow, but only 0% on earnings.

Relative to its free cash flow, Kraft Heinz looks cheaper than 79% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Not profitable yet. Reported a loss in the 12 months to June 2026.

Kraft Heinz reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Steadier share price. Beta 0.11: tends to move less than the market.

Kraft Heinz's shares have swung less with the market than most peers' (beta 0.11, below the market's 1.0).

Questions investors ask about Kraft Heinz

Is Kraft Heinz getting weaker?

Its latest SEC filing (Aug 5, 2026) got stronger: operating margin rose 6.1 points to -12.8%. Its overall score is unchanged at 28/100 since Oct 28, 2026.

How is Kraft Heinz valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 18/100 against 823 consumer defensive peers. Free cash flow yield 13.1% vs a peer median of 6.2% (stronger than 79% of peers).Free cash flow yield 13.1% vs peers 6.2% (stronger than 79% of peers). Earnings yield -11.7% vs a peer median of 4.5% (weaker than 100% of peers).Earnings yield -11.7% vs peers 4.5% (weaker than 100% of peers).

Is Kraft Heinz growing?

More slowly than most of its peers. Growth scores 30/100 against 823 consumer defensive peers. 3-year revenue growth -2.8% vs a peer median of 3.7% (weaker than 82% of peers).3-year revenue growth -2.8% vs peers 3.7% (weaker than 82% of peers).

How profitable is Kraft Heinz?

Less profitable than most of its peers. Profitability scores 4/100 against 823 consumer defensive peers. Operating margin -12.8% vs a peer median of 7.6% (weaker than 100% of peers).Operating margin -12.8% vs peers 7.6% (weaker than 100% of peers).

How risky is Kraft Heinz?

Moderate risk relative to 823 consumer defensive peers, judged on debt, liquidity and share-price swings. Beta 0.11 vs a peer median of 0.41 (stronger than 95% of peers).Beta 0.11 vs peers 0.41 (stronger than 95% of peers). Current ratio 1.06× vs a peer median of 1.52× (weaker than 73% of peers).Current ratio 1.06× vs peers 1.52× (weaker than 73% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

25.0B USD

24.9B USD

−0.4%

Net income (12 months)

−5.8B USD

−3.4B USD

−41.0%

Operating margin

-18.9%

-12.8%

+6.1 pts

Free cash flow (12 months)

3.9B USD

3.8B USD

−3.3%

Debt

21.1B USD

19.0B USD

−10.1%

Cash

3.3B USD

2.4B USD

−26.9%

Shares outstanding

1.19B

1.19B

+0.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

33.3%

30.7%

33.5%

34.7%

33.3%

▼ 1.4 pts

Operating margin

13.3%

13.7%

17.2%

6.5%

-18.7%

▼ 25 pts

Net margin

3.9%

8.9%

10.7%

10.6%

-23.4%

▼ 34 pts

Return on assets (ROA)

1.1%

2.6%

3.2%

3.1%

-7.1%

▼ 10 pts

Return on equity (ROE)

2.1%

4.9%

5.8%

5.6%

-14.0%

▼ 20 pts

Free cash flow margin

17.1%

5.9%

11.1%

12.2%

14.7%

▲ 2.5 pts

Current ratio

0.99×

0.87×

0.99×

1.06×

1.15×

▲ 9.3%

Quick ratio

0.69×

0.47×

0.54×

0.59×

0.79×

▲ 34%

Debt to equity

0.44×

0.41×

0.40×

0.51×

▲ 26%

Interest coverage

1.69×

3.95×

5.01×

1.85×

-4.93×

▼ 367%